Investment news

Partners Group, the global private markets investment manager, has acquired Trimco International Holdings Limited on behalf of its clients in one of the few recent control buyout small cap transactions successfully closed by private equity investors in Asia. Partners Group was successful in obtaining senior debt financing for the acquisition from Chinatrust while maintaining a very conservative capital structure.

Trimco, founded in 1979, is an Asia-based global provider of a full range of garment labels, tags and trimming products to blue chip global apparel companies. Headquartered in Hong Kong, the management has successfully enlarged the company’s operational footprint over the last years with the establishment of subsidiaries in China, India, Thailand and Singapore. Partners Group is very pleased that the founder of Trimco as well as its senior management have re-invested a significant portion of their sales proceeds into the company and looks forward to partnering with them in Trimco’s next phase of growth.

To further internationalize the company’s footprint, an add-on acquisition in a UK-headquartered international label solution provider with a presence in the UK, Turkey, Romania and other important garment manufacturing hubs was completed shortly after the transaction closed. Partners Group intends to leverage its own global setup and network to support Trimco in further pursuing its geographical expansion.

Christoph Rubeli, Partner and Head Private Equity Directs, comments "My colleagues and I look forward to actively working with Trimco on its future development. Our extensive industry network includes potential customers in the apparel and consumer goods sectors and we believe Partners Group, with its global reach, will be an ideal partner in helping Trimco to diversify its international footprint and customer portfolio."